JAKARTA – PT Multi Bintang Indonesia Tbk (MLBI), the alcoholic beverage producer, recorded a 7.54% year-on-year (yoy) increase in net profit in 2024 to IDR 1.14 trillion, up from IDR 1.06 trillion the previous year.

MLBI's positive performance was driven by a 1.8% yoy growth in net sales, reaching IDR 3.38 trillion. The majority of sales came from the domestic market, contributing IDR 3.37 trillion, or 99.66% of total revenue.

On the expense side, the cost of goods sold decreased by 1.04% yoy to IDR 1.28 trillion. This resulted in a 3.7% yoy increase in gross profit to IDR 2.09 trillion, compared to IDR 2.02 trillion the previous year.

Although selling expenses, general and administrative expenses, and foreign exchange losses rose, other income saw a significant increase to IDR 4.1 billion from IDR 638 million. This led to a slight growth in operating profit, which reached IDR 1.43 trillion in 2024.

In the end, net profit increased by 7.54%, boosting earnings per share to IDR 542 from IDR 506 per share.

Meanwhile, MLBI's total assets rose by 0.98% yoy, reaching IDR 3.44 trillion. (EF/ZH)